Apparently bowing to pressure from a conservative Christian group with which it originally refused to do business, Mellon Bank Corp. said Tuesday that it would be willing to manage some of the assets of Focus on the Family.

But the Colorado Springs group responded that it is no longer interested in Mellon's services.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.